The Stratford Evening Post WITH WHICH IS UNCORPORATED THE EGMONT SETTLER. MONDAY, AUGUST 13, 1923. A.N ITALIAN VIEW.

Stratford Evening Post, Volume XXXIX, Issue 83, 13 August 1923, Page 4

The Stratford Evening Post WITH WHICH IS UNCORPORATED THE EGMONT SETTLER. MONDAY, AUGUST 13, 1923. A.N ITALIAN VIEW.

The Italian Government has expressed approval of the British Note regarding reparations, but at the same time voiced tho opinion that a more promising basis for the solution of the problem would be found in tho views previously expressed by Signor Mussolini. Speaking in the Senate in June Signor Mussolini stressed the vital interest of Italy in hastening a peaceful settlement of the European crisis, and he stated Italy's attitude as follows: (1) Germany must pay a sum which now appears to be universally recognised and which falls far short of the hundreds of milliards which were mentioned on the morrow of the Armistice: (2) Italy could not QQVsenx to territorial changes Uke-;

ly to lead to a hegemony of a political, economic, or military character; (3) Italy is ready to contribute her share of sacrifices, if sacrifices be necessary, to the reconstruction of European economy; (4) the Italian Government maintains that today more than ever, especially in view of the last German Note, the reparation problem and that of in-ter-Allied debts are intimately bound together and in a certain manner inter-dependent. The Italian scheme set forth in London reduced the German debt to 50 milliard gold marks (2500 millions), and proposed a two years' moratorium, during which reparations i n kind would be continued by Germany. It also accepted the Spa schedule of German reparation payments, according to which Italy was to receive fire milliard gold marks (£250 millions), and agreed with the seizing of economic pledges as guarantees of the German payments. The Bonar Law scheme also reduced the German debt to 50 milliard gold marks, but allocated to the Allies only 40 milliards the remaining 10 to cover the cost of the armies of occupation, and the payment of the Belgian debt to France, the United States, and Great Britain. The Bonar Law scheme cancelled Italy's debt to Great Britain, but asked for a milHard and a half gold marks (£75 millions) i n lieu and the forfeiture of half a milliard gold lire (£2O millions) on deposit in London. Thus the "talian share of reparation, whio had been fixed at five milliard geld .narks (£250 millions), was reduce! ♦ ')elow half that amount.